Under Construction
Today’s Chart of the Day is written by Brice Wightman.
In scanning through lots of charts this afternoon, I see many similarities,
but this one stands
out from the rest in several important ways:
1) It’s got a long base, beginning in March (not fully pictured).
2) It made a two-month high today.
3) It’s trading above its 50-day moving average.
The only weakness here is the fact that the stock pulled back from its highs
to close poorly.
Although the very short-term trend may be down to sideways here, but
(
IMNX |
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PowerRating)
looks like
one to watch on this breakout, especially if it can hold support.
Brice